Live Insurance News

Homeowners insurance fraud case of exploded home leads to sentencing

December 26, 2016December 21, 2016 G. Turner

The woman who blew up her house to scam her insurer has received her sentence from an Indiana judge. A woman who blew up her house in a dramatic case of homeowners insurance fraud has been sentenced to 50 years in prison. The explosion killed two of the woman’s neighbors and destroyed a part of an Indianapolis subdivision in November 2012. Monserrate Shirley pleaded guilty and will be facing the maximum number of years in prison for her crimes. In early 2015, the 51 year old woman pleaded guilty to…

Insurance fraud plot led Vietnam woman to cut off her limbs

August 30, 2016August 26, 2016 Julie Campbell

The woman has admitted to paying for an amputation to be able to make a claim on a policy. A Vietnamese woman has now admitted to a gruesome form of insurance fraud. In order to obtain a payout on a policy she held, police say she claimed to have been hit by a train. In truth, she had paid to have her foot and part of her arm cut off. The woman was thirty years old at the time and pretended to have been struck by a passing train. Ly…

Scam travel insurance claims are becoming more commonplace

March 25, 2016March 23, 2016 Julie Campbell

According to recent data the most rapidly growing coverage segment is also a massive target for scams. Though auto policies have traditionally been the area in which insurers have traditionally had to be the most vigilant in watching for scammers, travel insurance has suddenly started to see the emergence of a new trend in false claims. The General Insurance Association (GIA) has reported that this insurance sector is growing exceptionally fast. The GIA has noticed this trend as a growing number of people travel overseas and recognize the importance of…

Fraud is delivering a blow to health insurance exchanges in the US

November 25, 2015November 24, 2015 Marc

Health insurance exchanges are working to fight fraud Fraud in health insurance exchanges throughout the United States may draw more criticism toward the Affordable Care Act. The federal health care reform law was meant to bring health insurance coverage to millions of people through the establishment of exchange marketplaces. While the law has succeeded in this endeavor, these exchanges are struggling to combat fraud coming from those that want coverage and want to take advantage of the electronic system governing these exchanges. Brokers are using fictitious information to enroll individuals…

Massive insurance fraud scam involves 33 people crashing cars

July 21, 2015July 18, 2015 Julie Campbell

In Santa Clara County auto insurers were scammed by a huge number of their policyholders. According to the Office of the District Attorney in Santa Clara County, there were 33 people involved in a tremendous insurance fraud scam, as they deliberately crashed older cars into each other in order to be able to file claims. The insurance companies were the victims of an alleged scam that had them paying for the deliberate crashes. The majority of the defendants were from San Jose. Each of them has now been charged with…